Canada's approach to carbon pollution pricing makes sure that all proceeds go back into the economy while making life more affordable for families. Whether through payments to families, or investments in clean industry projects, pollution pricing is an essential tool for Canada to reduce greenhouse gas pollution causing climate change, and grow a clean, strong economy.
Today, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, announced that the Government of Canada is fulfilling its commitment to return approximately $174 million of pollution pricing proceeds through the Future Electricity Fund. The Future Electricity Fund returns proceeds to support clean-energy projects, energy-efficient technologies, and other initiatives that will help Canada meet its climate goals and achieve a net-zero emissions economy by 2050.
Funding provided through the Future Electricity Fund will power projects to advance clean electricity in Saskatchewan and make energy more affordable and reliable for families. Saskatchewan will modernize how electricity is delivered to residential homes by implementing new smart-meter technologies, which will allow residents to power their homes more efficiently, and potentially save money by reducing their energy use.
Funding will support further upgrades to electricity infrastructure through the Distribution Rural Rebuild and Improvement Program to reduce emissions and deliver more reliable power to rural communities across the province. Funding will also contribute to refurbishing the E.B. Campbell Hydroelectric Station, supporting the supply of renewable energy in the province.
With the Future Electricity Fund, Canada can create a strong, sustainable energy system that benefits the environment, the economy, and families. The fund will also help spur innovation and encourage the adoption of cleaner technologies and fuels in Canada.
When it comes to clean electricity, Canada's future is bright. The Future Electricity Fund will enable Canadians to power their homes and businesses more affordably, reliably, and efficiently.
